All articles by Shayla Walmsley – Page 50
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News
CPP acquires Euro logistics
CANADA - The C$120bn (€83.5bn) Canada Pension Plan Investment Board has invested €400m in European distribution via a fund set up by US logistics firm ProLogis.
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Schroder hires ABP’s Bingen
EUROPE - Former ABP portfolio manager Rob Bingen will join Schroder Property in October as head of its €2.2bn European property multi-manager operation.
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UK property investors divest €8bn
UK - Institutional investors continued the exodus out of the UK domestic market in the first half of 2007, and became net sellers with divestments worth €8.7bn.
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Neste scheme may invest abroad
FINLAND - The Finnish Neste Oil pension fund said it is considering investing outside its domestic property market as it looks towards completion of three new buildings in Keilaniemi, Espoo, to house its sponsor.
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Brussels yields remaining deals
BELGIUM - ING Real Estate has entered the Brussels office market with the €22m acquisition of two recently refurbished and fully-let prime office buildings.
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Irish property returns up
IRELANDS - Returns on Irish property reached 16.9% in the year to June, despite a continuing exodus of domestic investors into other European real estate markets. IPD figures published last week showed returns on Irish real estate rose from 2.2% i...
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HSBC pulls in property team
UK - HSBC Investments has brought in a seven-strong team of fund selection specialists in a move the firm hopes will increase property-hungry investors’ appetite for multi-manager funds. Guy Morrell, who will head the UK-based team, told IP...
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BC pension fund buys hotel Reit
CANADA - British Columbia Investment Management Corporation (bcIMC), the investment arm of several Canadian public-sector pension funds, is to acquire a hotel Reit for CA$1.2bn (€800m) in cash. The CA$85bn fund will acquire the Canadian Hot...
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Boston purchase adds to DTZ global expansion
UK-US - DTZ, the property advisory firm, is to acquire Boston property brokerage FHO Partners in a bid to broaden its global platform. The three-stage deal involves an initial payment of £2m (€4.2m) for the right to acquire the Massachu...
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Investors go for Euro-niche as leverage lessons
EUROPE - Despite market saturation in the UK and declining yields elsewhere in Europe, “the wall of money” surrounding real estate is showing few signs of collapse, claimed a report published last week by UK property firm Knight Frank.
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Canada pension plan in UK shopping spree
UK - A 50—50 joint venture involving the Canada Pension Plan Investment Board and fund manager Henderson Global Investors has acquired the UK’s Whitefriars Quarter shopping centre for £253m (€375m).
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News
Investors go for Euro-niche as leverage lessons
EUROPE - Despite market saturation in the UK and declining yields elsewhere in Europe, "the wall of money" surrounding real estate is showing few signs of collapse, claimed a report published last week by UK property firm Knight Frank....
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News
Investors ‘should ditch indirect for direct’
EUROPE - Investors including pension funds should focus on direct investment in European commercial real estate as a lower-risk alternative to volatile Reits, according to Seven Dials. The fund manager said high yields in mainland European markets...
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News
Canada pension plan in UK shopping spree
UK - A 50—50 joint venture involving the Canada Pension Plan Investment Board and fund manager Henderson Global Investors has acquired the UK’s Whitefriars Quarter shopping centre for £253m (€375m).
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Magazine
Something for everyone
Recent fund launches suggest that if fund managers are running out of big ideas, they aren't short of big ambitions
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Magazine
Move right in
A patchy market, major project delays and market fragmentation do little to reassure potential investors about serviced office.
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Magazine
What’s bred in the bone
Hard’ factors such as regulation and liquidity only partly define the contours of real estate markets. The cultural stuff can be harder to negotiate. Shayla Walmsley reports
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Magazine
Crossing the divide
Raymond Satumalaij left Blue Sky, where he was responsible for the real estate portfolio, in May this year to join Bouwfonds Asset Management, a subsidiary of the real estate arm of Rabobank.
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Magazine
Sitting on a tax break
SICAVs have long been the investible UCITs structure of choice for property fund managers. Now some pension funds are finding a new use for them. Shayla Walmsley reports
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News
Khan quits Adimmo
EUROPE - Portfolio manager Aqil Khan has left Basel-based real estate firm Adimmo after three years with the firm. During that time, he was involved in building up the firm’s indirect investment capability. Khan said he would continue hi...